Catastrophic weather events and (subsidised) crop insurance markets. Evidence from Italy

Emilia Lamonaca, Irene Maccarone and Fabio Gaetano Santeramo

MPRA Paper from University Library of Munich, Germany

Abstract: Catastrophic (CAT) weather events are rare and impactful, yet still poorly considered in ex-ante risk management policy interventions. Subsidised crop insurance schemes are not an exception, although the systemic nature of those risks has cascading effects that are reflected on the entire food systems and along the value chains. The Italian subsidised crop insurance market, and its dynamics vis-à-vis CAT events, including flood, drought, and frost, is an interesting case study. Insurance uptake and coverage increase after CAT shocks, signalling their value in strengthening farmers resilience to climate changes. The responsiveness is higher when coverage is predominant, with markedly heterogeneous patterns calling for deeper understanding of the trade-offs that are put in place by these policy instruments, central in the EU risk management strategy.

Keywords: Agriculture; Climatic risk; Extreme event; Risk management; Subsidised insurance. (search for similar items in EconPapers)
JEL-codes: G22 G32 Q14 Q18 Q54 (search for similar items in EconPapers)
Date: 2026-05-29
References: Add references at CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/129322/1/MPRA_paper_129322.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:129322

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().